Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0328%/8h= −35.9% APRpaid last 24h −0.067%

Price spread now: Kalshi against 01 Exchange+0.016%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange BNBUSD	802.37	0.0328	pay 0.0041% / 1h	24m 01s	$28K	$1K	10x
Short	Kalshi KXBNBPERP	802.50	0	get 0.0000% / 8h	5h 24m	$158K	$2.9M	4.8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against 01 Exchange. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee 01 ExchangebpFee KalshibpOrdersPrice spread, now +0.016%Rate

Funding earned: −$68.88
Price spread: +0.016% → 0.000%: $1.62
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$84.26
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Kalshi: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy 01 Exchange no order-book sample	—	—	—	—	—
Sell Kalshi live order book, 4 min ago	1.25 bp	7.5 bp −$7	15.6 bp −$156	doesn't fit	doesn't fit

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX BNB/USD [WBTC.b-USDC]	L −0.0201% / S +0.0372%	1h	801.76	−0.076%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	800.95	−0.177%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	801.71	−0.082%	$3.0M	$29.6M	10x	as long as short
Kalshi KXBNBPERPshort	0.0000%	8h	802.50	+0.016%	$158K	$2.9M	4.8x
StandX BNB-USD	0.0000%	1h	802.10	−0.034%	$867K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	801.75	−0.078%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0039%	8h	800.35	−0.252%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDC	+0.0065%	8h	802.02	−0.044%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0077%	8h	801.30	−0.133%	$139.6M	$83.1M	75x	as long as short
Lighter BNB	+0.0096%	1h	802.03	−0.043%	$2.8M	$4.2M	20x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0096%	1h	801.17	−0.150%	$610K	$1.0M	50x	as long as short
Aster BNBUSDT	+0.0099%	8h	802.24	−0.016%	$6.4M	$19.2M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	801.80	−0.071%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.22	−0.019%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	801.40	−0.121%	$54.8M	$117.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.10	−0.034%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	801.40	−0.121%	$35.8M	$58.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	801.53	−0.105%	$28.0M	$10.7M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	801.36	−0.126%	$81.0M	$26.8M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	801.89	−0.060%	$4.2M	$77.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	801.93	−0.055%	$161K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	801.66	−0.088%	$121K	$880K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	801.67	−0.087%	$387K	$568K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	801.86	−0.063%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	802.25	−0.015%	$12K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	801.69	−0.085%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	802.39	+0.003%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	801.26	−0.139%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	801.85	−0.065%	$385K	$40K	10x	as long as short
SoDEX BNB-USD	+0.0115%	1h	801.80	−0.071%	$394K	$1.0M	10x	as long as short
MEXC BNB_USDT	+0.0118%	8h	802.70	+0.041%	$83.5M	$13.8M	200x	as long as short
Binance BNBUSDT	+0.0118%	8h	802.31	−0.007%	$504.3M	$829.4M	75x	as long as short
Phemex BNBUSDT	+0.0121%	8h	802.18	−0.024%	$70.1M	$51.7M	50x	as long as short
Phoenix BNB	+0.0155%	1h	801.68	−0.086%	$172K	$35K	10x	as long as short
Hibachi BNB/USDT-P	+0.0168%	1h	801.65	−0.090%	$71K	$48K	12x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	802.11	−0.033%	$1.6M	$165K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	801.56	−0.101%	$2.6M	$983K	50x	as long as short
dYdX BNB-USD	+0.0220%	1h	801.98	−0.049%	$162K	$62K	10x	as long as short
BloFin BNB-USDT	+0.0239%	8h	802.28	−0.011%	$18.4M	$2.6M	75x	as long as short
Hyperliquid BNB	+0.0301%	1h	802.62	+0.031%	$51.9M	$21.9M	10x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	+0.339%	$19K	$789K	30x	as long as short
RISEx BNB/USDC	+0.0318%	1h	801.92	−0.056%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSDlong	+0.0328%	1h	802.37	long leg	$28K	$1K	10x
Reya BNBRUSDPERP	+0.0333%	1h	801.32	−0.131%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0354%	1h	801.59	−0.098%	$651K	$21K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0633%	1h	802.37	0.000%	$2.7M	$5.7M	40x	as long as short